Hollez Consultancy: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Hollez Consultancy
Largest movements
- Tangible fixed assets +€610,686
up €610,686 (+61.3%), from €996,664 to €1.6m
of which Land and buildings: +€676,034
- Current investments +€223,750
up €223,750 (+17900.0%), from €1,250 to €225,000
- Receivables within one year -€102,562
down €102,562 (-17.3%), from €594,135 to €491,573
of which Trade receivables: -€147,143
- Cash +€45,375
up €45,375 (+313.6%), from €14,470 to €59,845
mainly Debts after one year (+€539,378) and Other debts (+€362,870)
- Debts after one year +€539,378
up €539,378 (+61.8%), from €872,565 to €1.4m
- Other debts +€362,870
up €362,870 (+89.5%), from €405,219 to €768,088
- Reserves -€157,538
down €157,538 (-14.1%), from €1.1m to €961,029
of which Distributable reserves: -€141,077
- Financial income -€44,713
down €44,713 (-41.2%), from €108,400 to €63,688
of which Non-recurring financial income: -€30,906
- Other operating charges -€28,028
down €28,028 (-79.9%), from €35,083 to €7,055
- Depreciation +€25,415
up €25,415 (+29.1%), from €87,383 to €112,798
- Financial charges +€13,230
up €13,230 (+13.9%), from €95,467 to €108,697
- Gross operating margin +€9,112
up €9,112 (+5.8%), from €156,115 to €165,227
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,621,401 | €3,392,204 | +€770,804 | +29.4% |
| Fixed assets | 21/28 | €1,032,164 | €1,642,850 | +€610,686 | +59.2% |
| Tangible fixed assets | 22/27 | €996,664 | €1,607,350 | +€610,686 | +61.3% |
| Land and buildings | 22 | €735,283 | €1,411,317 | +€676,034 | +91.9% |
| Plant, machinery and equipment | 23 | €260,459 | €196,033 | -€64,426 | -24.7% |
| Furniture and vehicles | 24 | €922 | - | -€922 | |
| Financial fixed assets | 28 | €35,500 | €35,500 | = | 0.0% |
| Current assets | 29/58 | €1,589,236 | €1,749,354 | +€160,118 | +10.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €890,307 | €900,140 | +€9,833 | +1.1% |
| Stocks | 30/36 | €890,307 | €900,140 | +€9,833 | +1.1% |
| Amounts receivable within one year | 40/41 | €594,135 | €491,573 | -€102,562 | -17.3% |
| Trade receivables | 40 | €149,289 | €2,146 | -€147,143 | -98.6% |
| Other amounts receivable | 41 | €444,846 | €489,427 | +€44,581 | +10.0% |
| Current investments | 50/53 | €1,250 | €225,000 | +€223,750 | +17900.0% |
| Cash at bank and in hand | 54/58 | €14,470 | €59,845 | +€45,375 | +313.6% |
| Deferred charges and accrued income | 490/1 | €39,074 | €22,796 | -€16,278 | -41.7% |
| Total equity and liabilities | 10/49 | €2,621,401 | €3,392,204 | +€770,804 | +29.4% |
| Equity | 10/15 | €1,142,396 | €984,858 | -€157,538 | -13.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,118,567 | €961,029 | -€157,538 | -14.1% |
| Tax-exempt reserves | 132 | €461,705 | €445,244 | -€16,461 | -3.6% |
| Distributable reserves | 133 | €656,862 | €515,785 | -€141,077 | -21.5% |
| Profit (loss) carried forward | 14 | €3,829 | €3,829 | = | 0.0% |
| Provisions and deferred taxes | 16 | €153,902 | €148,415 | -€5,487 | -3.6% |
| Deferred taxes | 168 | €153,902 | €148,415 | -€5,487 | -3.6% |
| Amounts payable | 17/49 | €1,325,103 | €2,258,932 | +€933,829 | +70.5% |
| Amounts payable after more than one year | 17 | €872,565 | €1,411,943 | +€539,378 | +61.8% |
| Financial debts | 170/4 | €872,565 | €1,411,943 | +€539,378 | +61.8% |
| Amounts payable within one year | 42/48 | €447,895 | €839,651 | +€391,756 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €31,270 | €57,736 | +€26,466 | +84.6% |
| Trade debts | 44 | €6,469 | €1,712 | -€4,757 | -73.5% |
| Suppliers | 440/4 | €6,469 | €1,712 | -€4,757 | -73.5% |
| Taxes, remuneration and social security | 45 | €4,937 | €12,115 | +€7,178 | +145.4% |
| Taxes | 450/3 | €4,937 | €12,115 | +€7,178 | +145.4% |
| Other amounts payable | 47/48 | €405,219 | €768,088 | +€362,870 | +89.5% |
| Accrued charges and deferred income | 492/3 | €4,643 | €7,337 | +€2,694 | +58.0% |
| Non-recurring operating income | 76A | €7,999 | €387 | -€7,612 | -95.2% |
| Remuneration, social security and pensions | 62 | €3,544 | €982 | -€2,562 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,383 | €112,798 | +€25,415 | +29.1% |
| Other operating charges | 640/8 | €35,083 | €7,055 | -€28,028 | -79.9% |
| Gross operating margin | 9900 | €156,115 | €165,227 | +€9,112 | +5.8% |
| Operating profit (loss) | 9901 | €30,106 | €44,392 | +€14,286 | +47.5% |
| Financial income | 75/76B | €108,400 | €63,688 | -€44,713 | -41.2% |
| Recurring financial income | 75 | €77,494 | €63,688 | -€13,807 | -17.8% |
| Non-recurring financial income | 76B | €30,906 | - | -€30,906 | |
| Financial charges | 65/66B | €95,467 | €108,697 | +€13,230 | +13.9% |
| Recurring financial charges | 65 | €95,467 | €108,697 | +€13,230 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €43,040 | -€617 | -€43,657 | |
| Transfer from deferred taxes | 780 | €348 | €5,487 | +€5,139 | +1475.1% |
| Income taxes | 67/77 | €8,641 | €2,408 | -€6,233 | -72.1% |
| Profit (loss) for the period | 9904 | €34,747 | €2,462 | -€32,285 | -92.9% |
| Transfer from tax-exempt reserves | 789 | €1,045 | €16,461 | +€15,416 | +1475.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,792 | €18,923 | -€16,869 | -47.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.